by Summary:
Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited. Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.Social Europe'Fridays for Keynesianism' Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSee alsoBrave New EuropePaul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?Mathew D. Rose
Topics:
Mike Norman considers the following as important: assumptions economic modeling, john maynard keynes, neoclassical economics, Post Keynesian Economics
This could be interesting, too:
Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited. Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.Social Europe'Fridays for Keynesianism' Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSee alsoBrave New EuropePaul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?Mathew D. Rose
Topics:
Mike Norman considers the following as important: assumptions economic modeling, john maynard keynes, neoclassical economics, Post Keynesian Economics
This could be interesting, too:
Matias Vernengo writes Paul Davidson (1930-2024) and Post Keynesian Economics
Steve Roth writes John Maynard Keynes Doesn’t Seem to Know What He Means by the Word “Spending”
Mike Norman writes Lars P. Syll — On the non-neutrality of money
Mike Norman writes Uncertainty — Brian Romanchuk
Excellent summary of the recognition of the classical fallacy by Keynes, what followed, and why neoclassical economics is proving so difficult to dislodge even though it has been discredited.
Note: This is not the only fallacy that plays a part in neoclassical assumptions. The fallacy of composition is another, as Keynes also observed.
Peter Bofinger | Professor of Economics at Würzburg University and a former member of the German Council of Economic ExpertsSocial Europe
'Fridays for Keynesianism'
See also
Brave New Europe
Paul Romer: The Dismal Kingdom – Do Economists Have Too Much Power?
Mathew D. Rose